Continental : 2020: another tough year in prospect for the supplier
>The consensus is still too high for 2020 - While messages of caution regarding automotive production in 2020 have surged since the beginning of the year (the -2% scenario is now consensual vs stability previously anticipated), we are once cutting down our estimates, which are down 7% on Continental for 2020, also taking into account persistent difficulties for the rubber business (high exposure in Europe, impact of new tyre plants, ContiTech). We now sit 8-11% below ...Continental is an automotive industry supplier. Co.'s automotive divisions comprised of: Chassis & Safety, which develops and produces systems that provide safety and enhanced vehicle dynamics; Powertrain, which develops solutions for gasoline and diesel engines, as well as hybrid and electrical drive systems; and Interior, which provides solutions for information management within vehicles and networking between vehicles. Co.'s rubber divisions comprised of: Tires, which provides tires for passenger cars through trucks, buses and construction site vehicles to special vehicles, motorcycles and bicycles; and ContiTech, which develops products made from rubber and plastic.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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